Airship AI (NASDAQ:AISP) Posts Earnings Results

Key Points

• Airship AI reported an earnings per share (EPS) of ($0.75) for the quarter, reflecting ongoing financial challenges.
• The company's stock price decreased by $0.07 on the announcement day, ending at $5.09 with a market capitalization of $162.07 million.
• Insider selling included significant transactions by CFO Mark E. Scott and President Paul M. Allen, with Allen's ownership dropping by 57.40% after selling 70,000 shares.

Airship AI (NASDAQ:AISP - ) announced its quarterly earnings results on Tuesday. The company reported ($0.75) EPS for the quarter, Zacks reports.

Airship AI Price Performance

Shares of NASDAQ:AISP traded down $0.07 during trading on Tuesday, reaching $5.09. 507,862 shares of the company were exchanged, compared to its average volume of 1,321,491. The firm has a market capitalization of $162.07 million, a PE ratio of -7.60 and a beta of 0.30. The business's fifty day simple moving average is $5.33 and its 200-day simple moving average is $4.68. Airship AI has a 12-month low of $1.90 and a 12-month high of $7.66.

Insider Buying and Selling

In other news, CFO Mark E. Scott sold 26,836 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $6.21, for a total transaction of $166,651.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Paul M. Allen sold 70,000 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $5.11, for a total transaction of $357,700.00. Following the transaction, the president directly owned 51,948 shares of the company's stock, valued at $265,454.28. This represents a 57.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 57.90% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Airship AI stock. AQR Capital Management LLC boosted its holdings in shares of Airship AI Holdings, Inc. (NASDAQ:AISP - Free Report) by 91.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 82,863 shares of the company's stock after purchasing an additional 39,542 shares during the period. AQR Capital Management LLC owned about 0.26% of Airship AI worth $320,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 5.89% of the stock is owned by hedge funds and other institutional investors.

Airship AI Company Profile

Airship AI Holdings, Inc offers AI-driven video, sensor, and data management surveillance platform in the United States. The company provides Airship Acropolis OS, an IP and analog video surveillance; Airship Command, a suite of visualization tools that allows users to view data and evidence ingested from the edge; and Airship Outpost for high-definition recording with user defined low-bit rate video stream encoding.

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